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Employee Benefits Schedule of Allocation of Plan Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Retirement Benefits [Abstract]  
Schedule of Allocation of Plan Assets [Table Text Block] As of December 31, 2024, the weighted-average target and actual asset allocations relating to our domestic and foreign pension plans' assets are listed below.
December 31,
Asset Class
2025 Target Allocation
20242023
Alternative investments 1
— %— %— %
Equity securities6 %5 %5 %
Fixed income securities16 %17 %16 %
Insurance contracts
77 %77 %78 %
Liability driven investments 2
— %— %— %
Real estate & Other
1 %1 %1 %
Total100 %100 %100 %
1Alternative investments have the flexibility to dynamically invest across a broad range of asset classes including bonds, equity, cash, property and commodities.
2Liability driven investment strategies use government bonds as well as derivative instruments to hedge a portion of the impact of interest rates and inflation movements on the long-term liabilities.